The euro is heading for a permanent state of
depression – The
Telegraph

If the euro
survives in its current form, then Mario Draghi, president of the European
Central Bank, will surely have earned his place in the history books as one of
the chief architects of its salvation.

The
no-shows at the Nov. 4-5 meeting in Mexico City include European Central Bank
President Mario Draghi and U.S. Treasury Secretary Timothy F. Geithner, as well
as the finance chiefs from Brazil and France. The presence of People’s Bank of China Governor Zhou Xiaochuan is
uncertain. Without these power- wielding players, chances of having a
meaningful gathering are slim to none, analysts said.